Starting this year, most legal entities must report their Beneficial Ownership Information (BOI). Understand the requirements, prepare, and take the next steps for compliance.

The BOI Report requires certain companies to report information about their beneficial owners to FinCEN. Beneficial owners are individuals who…

Many businesses struggle with the burden of accounting, tax filing, and financial reporting. This is where outsourced accounting comes in, offering a powerful solution to free you up and empower your financial journey.  But what exactly is outsourced accounting, and how can it benefit your business? In a nutshell, outsourced accounting is…

Outsourced accounting is a service where a business hires a third-party company to manage all or some of its accounting tasks. Instead of having a dedicated accounting department on staff, the company relies on external professionals to handle bookkeeping, tax preparation, financial reporting, and other financial matters. 

Bookkeeping and accounting, while frequently used interchangeably, are two distinct financial processes that work together to provide a comprehensive picture of a business's financial health. In essence, bookkeeping provides the raw data, while accounting transforms it into a meaningful story that informs financial decisions.  

When it comes to PPP Loan Forgiveness, there are 4 points you should wrap your mind around 1. Don't rush to file for forgiveness – mistakes or incomplete paperwork will complicate the process and may put your application at risk for rejection.